Why 2023 Medicare Premiums Are Going Down
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 10 October 2022
⏱️ 13 minutes
🧾️ Download transcript
Summary
In 2023 the premium for Part B Medicare will be going DOWN. In today's episode we talk about how just one drug screwed up the forecasted premiums for 2022, and how that's being adjusted out in 2023.
Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. |
| 0:04.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:10.8 | Hey, everyone. |
| 0:11.7 | Welcome to The Big Picture Retirement Show. |
| 0:13.5 | I'm your host, Evan, joined today by John Ross. |
| 0:17.1 | Hey, John. |
| 0:17.7 | Howdy. |
| 0:21.0 | So, John, we saw something that was pretty rare happen not long ago. |
| 0:26.8 | And it was Part B Medicare premiums. |
| 0:28.9 | Right. |
| 0:29.5 | They went down. |
| 0:30.5 | Yeah. |
| 0:31.5 | Now, typically, those premiums increase every year. |
| 0:35.0 | Right. |
| 0:35.4 | Well, my personal health insurance does. Right. Every year. |
| 0:39.5 | Does mine. On, I mean, you can set your watch to it. Yeah. Come about October. Here comes my |
| 0:46.3 | insurance guy. Comes over to the office. He's got the same look on his face, which is basically, |
| 0:52.5 | please don't kill the messenger, |
| 0:54.5 | to tell me that the company plan we had the previous year is no longer going to be offered, |
| 0:59.5 | but they have a new plan with slightly crappier benefits at a 25% increase in cost. |
| 1:07.9 | Oh, yeah. |
| 1:09.0 | Well, this year is a welcome surprise. We weren't sure what was going to |
... |
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